Trust law may no longer be "the best vehicle" to underpin pension schemes, an influential High Court judge claims.

Schemes facing valuations over the next year will have to provide the regulator with more extensive information about their recovery plans.

The main changes to hit the industry from a packed statement

The Chancellor has chosen to hit pensions twice as hard as the banks, the National Association of Pension Funds has claimed.

Chancellor George Osborne has cut the annual allowance to £40,000 and reduced the lifetime allowance to £1.25m as part of a drive to raise more tax revenue from the rich.

The Department for Work and Pensions will launch a consultation into smoothing the discount rates used to calculate scheme liabilities, in a move that could knock billions off deficits.

Chancellor George Osborne is widely tipped to take action on pensions tax relief

The Pensions Regulator has forbidden auto-enrolment into small defined contribution and high-charging legacy schemes.

The National Association of Pension Funds and the Confederation of British Industry are "very much hoping" George Osborne will announce a consultation on discount rates in the Autumn Statement tomorrow.

Pensions minister Steve Webb has strongly hinted there will be action on tax relief in the Autumn Statement tomorrow.